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. >>> mitt romney has a new job a month after he lost his bid for president. he is rejoined the board of marriott international. >>> next up -- two big union battles are playing out. one has america's busiest port at a standstill. the other has fast food workers demanding a union and maybe even double the pay they're currently making. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> a strike bringing am
. >>> mitt romney has a new job a month after he lost his bid for president. he is rejoined the board of marriott international. >>> next up -- two big union battles are playing out. one has america's busiest port at a standstill. the other has fast food workers demanding a union and maybe even double the pay they're currently making. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in...
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mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it has worked well. >> rates are so low. why doesn't everybody do that? >> works well. as a former fully owned by private equity they are more comfortable with leverage than others are. >> a level of comfort that i find to be -- they are insensitive to the economy and they're a winner in obama care. 2014 begins and i'm picking numbers up. hca. even with this leverage. raising numbers, hca, 2014. i'm doing that right now. cramer firm is taking up numbers. >> you did it in your head. >> i did. i'm going to ask the sales force to go out with it and i think he can get
mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it...
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took 12 suburban milwaukee women, some of whom voted for the president, some of whom voted for mitt romney, and he asked them what they thought about the fiscal cliff. take a look. >> time to sharpen your pencils and get over yourselves. >> be realistic and stop being political. >> i think they're all -- because they're not getting together. don't be democrats, don't be republicans. they're american citizens. work together to get the work done. >> so that's the clear message, wolf. you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not belittling the difficulty. these are tough, tough issues. but the stakes are really, really important right now. there is a little
took 12 suburban milwaukee women, some of whom voted for the president, some of whom voted for mitt romney, and he asked them what they thought about the fiscal cliff. take a look. >> time to sharpen your pencils and get over yourselves. >> be realistic and stop being political. >> i think they're all -- because they're not getting together. don't be democrats, don't be republicans. they're american citizens. work together to get the work done. >> so that's the clear...
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Dec 2, 2012
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but romney doesn't move. also, too, his hand is on top of romney's. he's pressing down as in the dominant role. but look at where their feet are planted. president obama is standing on the potential seal basically saying, i'm the one who's the chief and commander here. and mitt romney is standing out. but we look at the angles of their feet, and their feet are not joined together. they're not nearing each other's body language. they're saying, let's do this, and let's get out of here. >> wow, so much from one picture. susan, will you come back? i love it. >> i would love to. >> body language expert, susan constantine. appreciate it. >>> tomorrow night, the best of the best take center stage. it's our cnn heroes all-star tribute. we're talking to one of these amazing people, that's next. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw!
but romney doesn't move. also, too, his hand is on top of romney's. he's pressing down as in the dominant role. but look at where their feet are planted. president obama is standing on the potential seal basically saying, i'm the one who's the chief and commander here. and mitt romney is standing out. but we look at the angles of their feet, and their feet are not joined together. they're not nearing each other's body language. they're saying, let's do this, and let's get out of here. >>...
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Dec 5, 2012
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he won a stunning mandate to not be romney. he did not run on the basis he was going to do massive new spending and the kind of tax increases, $1.6 trillion that he's now talking about. and at the same time that obama was elected president, the republican house, which had twice voted for a real budget -- remember, the president's budget he claims he has a mandate for was put up before the house and the democrats all voted against it. in the senate, the democrats didn't want to have anything to do with it. it's a little hard to argue, he had a mandate for something the rest of his party ran away from. >> well -- >> did not run ads on those issues. >> and, of course, it was a bit more complicated than that. but to your point about the exit polls, it's true, most people said that they didn't want tax increases to solve the deficit. what they said -- the majority, was they wanted both balanced. they wanted cuts and tax increases. which is what both john boehner and the president -- in very stridently different ways have put forward
he won a stunning mandate to not be romney. he did not run on the basis he was going to do massive new spending and the kind of tax increases, $1.6 trillion that he's now talking about. and at the same time that obama was elected president, the republican house, which had twice voted for a real budget -- remember, the president's budget he claims he has a mandate for was put up before the house and the democrats all voted against it. in the senate, the democrats didn't want to have anything to...
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Nov 29, 2012
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take mitt romney. he had around the clock secret service protection, a legion of followers, crowds of thousands chanting his name. and then nothing. former congressman mark kennedy, who now heads up george washington university's graduate school of political management offers this sage advice. >> i think what makes the difference is having a focus. you mentioned al gore, he focused on environmental issues. you look at john kerry who's focused on foreign policy issues. if you pick some piece of your message that did resonate with the american people and after a pause come back and start emphasizing that in important ways, that i think is the path to really helping to make a difference after your run. >> reporter: another good step? mending fences with your opponent. romney seemed to do that with this white house lunch with president obama. don't cry too much for romney though because he still has three things, family, faith and financial security. yes, and remember, romney is a multimillionaire several
take mitt romney. he had around the clock secret service protection, a legion of followers, crowds of thousands chanting his name. and then nothing. former congressman mark kennedy, who now heads up george washington university's graduate school of political management offers this sage advice. >> i think what makes the difference is having a focus. you mentioned al gore, he focused on environmental issues. you look at john kerry who's focused on foreign policy issues. if you pick some...
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bush and adviser to mitt romney. secretary gutierrez, thanks for joining us this morning. >> pleasure, thank you. >> we've heard from republicans about what needs to change, immigration and taxes, abortion. they talk about needing to reach out to voters, but i need you to put some meat on that bone for me. what does reaching out mean? does that mean a softening of a position? does that mean a changing of position, abandonment? what's there? >> well, it needs to start with articulating a position, and, you know, we have been and we need to strengthen our position as the party of individual empowerment, of growth, of prosperity, of individual opportunity, of small business, of less intrusive government, lower taxes, let people keep more of their money so they can continue to grow. >> so you think the problem is that during the election that the -- the points were not articulated properly? i mean, some would say that they heard the points but just disagree. >> there were some things that perhaps aren't consistent with t
bush and adviser to mitt romney. secretary gutierrez, thanks for joining us this morning. >> pleasure, thank you. >> we've heard from republicans about what needs to change, immigration and taxes, abortion. they talk about needing to reach out to voters, but i need you to put some meat on that bone for me. what does reaching out mean? does that mean a softening of a position? does that mean a changing of position, abandonment? what's there? >> well, it needs to start with...
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romney wasn't their only target. letterman took aim at playboy founder hugh hefner's on again now engagement. >> mitt romney is going back to work. mitt romney is joining the board of directors at marriott hotel. who says president obama can't create jobs. there's one right there. he created a job. >> mitt romney has a new job. he's going back to work. he got a job at a marriott. how about that? mitt will be the guy when you're at the front desk arguing over your mini bar bill, mitt will be the guy that comes from out back, i understand there's some trouble. here, let me have a look at that. you know who's engaged? take a guess. hugh hefner. is this a rerun? isn't he always? always getting engaged.e hef admitted, i've fallen for her and i can't get up. >> she was looking forward to the ceremony. people saying are you talking about the wedding or a funeral? >> "early start" continues right now. >>> the manhundred is the over for the man accused of pushing another man inoncoming subway train. coming up, brand new video
romney wasn't their only target. letterman took aim at playboy founder hugh hefner's on again now engagement. >> mitt romney is going back to work. mitt romney is joining the board of directors at marriott hotel. who says president obama can't create jobs. there's one right there. he created a job. >> mitt romney has a new job. he's going back to work. he got a job at a marriott. how about that? mitt will be the guy when you're at the front desk arguing over your mini bar bill, mitt...
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Dec 3, 2012
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. >>> and mitt romney is getting back to work. he'll be rejoining marriott international's board of directors in a job he held before his failed bid for the white house. since the election, romney's stayed mostly out of the spotlight and pretty quiet. he and paul ryan met with president obama in washington last week. >>> witnesses say it was terrifying, a crushing tunnel collapse about 50 miles west of tokyo. authorities have recovered nine bodies, most of them from burned vehicles. experts say aging parts in the tunnel could be to blame. the disaster has prompted japanese officials to order emergency inspections of dudsens of other tunnels with similar designs across the country. >>> and here's a sign of the times. the pope is on twitter. the vatican today revealed pope benedict's personal handle is @pontifacts. the vatican said the pope believes the catholic church must be present in the digital arena. that's going to be hard to answer a question about faith in 140 characters. >> he'll probably have 1 million followers in two ho
. >>> and mitt romney is getting back to work. he'll be rejoining marriott international's board of directors in a job he held before his failed bid for the white house. since the election, romney's stayed mostly out of the spotlight and pretty quiet. he and paul ryan met with president obama in washington last week. >>> witnesses say it was terrifying, a crushing tunnel collapse about 50 miles west of tokyo. authorities have recovered nine bodies, most of them from burned...
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the president is going to host mitt romney for a private lunch. how important, how significant is that, even if it's symbolic, that you have these two rivals having lunch together at the white house? >> extremely important. it's the right thing to do. it's going to be a good photo-op for obama and romney together. remember in 1960, kennedy barely, barely beat nixon. yet they met and had a great feeling effect. in 2000, the whole dangling debacle that declared george bush over al gore but then they met and gore admitted he lost. it was very healing. it's an important step tomorrow to garnering a new spirit of bipartisanship if that's possible. >> we hope it's possible. we know that secretary clinton, you know, she once was a rival of obama. do you think that mitt romney, is there a place for him in the administration? >> no. mitt romney has a lot of money and he should go enjoy it i think at this point. it's not his time. he needs to do other things. there's no real role for him in the obama administration. it wouldn't work. after all, he's been so
the president is going to host mitt romney for a private lunch. how important, how significant is that, even if it's symbolic, that you have these two rivals having lunch together at the white house? >> extremely important. it's the right thing to do. it's going to be a good photo-op for obama and romney together. remember in 1960, kennedy barely, barely beat nixon. yet they met and had a great feeling effect. in 2000, the whole dangling debacle that declared george bush over al gore but...
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and the fact that even paul ryan and mitt romney ran away from entitlement cuts in paul ryan's budget in the last election i think is a sign of where the american public is. they do want the rich to pay their fair share in taxes, but they really don't like a lot of the entitlement cuts. >> that's a fair point. that's a fair point. >> the entitlements affect everybody, to some extent. >> look. in response to what you were just saying about the fact these savings don't really kick in for ten years. that say legitimate point. look what we did in 1982. tip o'neil sat down with the most conservative president and one of the most liberal speakers of the house. when they reached that deal, today, we are reaping huge savings from that, so those savings ten years, 20 years, 30 years from now, those are going to be enormous. the problem is we keep punting every time we come to this and the most important factor in the budget is the fact that we got 80 million baby boomers that will be retiring in the next 20 years. >> as we found out, new immigrants aren't having as many kids so who is going to
and the fact that even paul ryan and mitt romney ran away from entitlement cuts in paul ryan's budget in the last election i think is a sign of where the american public is. they do want the rich to pay their fair share in taxes, but they really don't like a lot of the entitlement cuts. >> that's a fair point. that's a fair point. >> the entitlements affect everybody, to some extent. >> look. in response to what you were just saying about the fact these savings don't really...
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so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male anno
so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get...
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so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. our operations are safe and clean for our communities and the environment. we're america's natural gas. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a cong
so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. our operations are safe and clean for our communities and the environment. we're america's natural gas. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was...
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so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. this december, remember -- m] you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ends december 7th. capella university understands back from rough economic times. employees are being forced to do m
so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. this december, remember -- m] you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our...
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Nov 30, 2012
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i want to read you something from the new republic about team romney's internal polling. says the biggest flaw in their polling was the failure to predict the demographic composition of the electorate. the people who showed up to vote on november 6 were younger and less white than team romney anticipated and far more democratic as a result. so i want to ask you, erick, is this sort of a misunderstanding generally that republicans have to address the next time they go into an election about who the voters are going to the polls? >> oh, i don't think it's just a republican problem. i think if you look at rasmussen, gallup and a number of other pollsters out there, they all got it wrong. i think i was one of the few people on the right saying the polls weren't wrong and e vis rated by friends for saying that. at some point you have to realize the data's not lying. >> let me just say, i want to sort of unravel that a bit. we know gallup certainly didn't do too well all throughout, but cnn certainly got it right. i think you can say nate silver got it right. so there were som
i want to read you something from the new republic about team romney's internal polling. says the biggest flaw in their polling was the failure to predict the demographic composition of the electorate. the people who showed up to vote on november 6 were younger and less white than team romney anticipated and far more democratic as a result. so i want to ask you, erick, is this sort of a misunderstanding generally that republicans have to address the next time they go into an election about who...
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but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of
but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point....
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people like romney does not pay a dime in social security. a newspaper here did a story three years ago. we have 11 ceos who made over $10 million a year. they only take about $1 million in salary. to have got to be doing it for a reason. situation isy's complicated. he has got a lot of things that make up his income that are hard to explain. there is carried interest in their, salary that is converted into capital gains income. these are all debatable issues. the fundamental story there is the tax code is too complicated. you're correct that folks in your income level are getting hit especially hard. middle income, middle to upper income pay very high tax rate when you take into account income taxes, payroll taxes. our tax code is very progressive. there is half the population that pays no income tax, and a large percentage of them gets so much money back from the irs bennet -- that it more than makes up for their payroll tax. that is on the low end. on the high end, you have swiss cheese situation where there are so many loopholes and ways
people like romney does not pay a dime in social security. a newspaper here did a story three years ago. we have 11 ceos who made over $10 million a year. they only take about $1 million in salary. to have got to be doing it for a reason. situation isy's complicated. he has got a lot of things that make up his income that are hard to explain. there is carried interest in their, salary that is converted into capital gains income. these are all debatable issues. the fundamental story there is the...
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romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're going to have to resolve the fiscal cliff. eye roncally enough, something the house of representatives passed last may. in april set out a tax plan. in may passed a sequestration plan, went to the senate and said we're going to see you in the lame duck time period. we're in the lame duck and this had has to be solved. we have to solve the problem. the first thing is to define what the problem even is. it seems one group is talking about the real problems, the fiscal cliff, and the other group is talking about
romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're...
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mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these deductions? guest: they can be important. the goal is to not get rid of the budget deficit. lots of people do not want to get rid of the budget deficit. they want to get it down to a manageable level. opinions differ. you can make a big dent through closing or reducing the loopholes. host: do you expect them to play a role? could they end up on the chopping block? guest: republicans have put them on the table. i think you probably will see some of both. this is a process that will go on for the better part of the next year. during that process, you will s
mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these...
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years, pre-tea party. >> let's stipulate romney was a bad candidate. how would you get a better one? >> there are 30 republican governors. 24 of them have republican legislatures which is what romney didn't have. he had 83% democratic legislature. he was a goalie. they just shot goals on him for four years and some of them went through and some of them didn't and he was a very good goalie but you can't turn around and announce, look at all the things i did in massachusetts and the democrats attacked him saying the massachusetts economy was bad. yeah, it was. high taxes and all these other things that he couldn't fix without legislature. i'm from massachusetts prior to emigrating to the united states. and -- [laughter] it's tough, it's tough to be governor there and show people what you've accomplished. now, if he'd been governor of one of those 24 states with a republican legislature, i mean, the governor of texas has been doing amazing things on tort reform, they're looking at school choice, half the kids in louisiana -- >> so you think rick perry's y
years, pre-tea party. >> let's stipulate romney was a bad candidate. how would you get a better one? >> there are 30 republican governors. 24 of them have republican legislatures which is what romney didn't have. he had 83% democratic legislature. he was a goalie. they just shot goals on him for four years and some of them went through and some of them didn't and he was a very good goalie but you can't turn around and announce, look at all the things i did in massachusetts and the...
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this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. areyo you there? caller: i have a question for you. i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children make up a lot of these credits. which of these are affected by t
this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. areyo you there? caller: i have a question for...
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Dec 1, 2012
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this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you. i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children make up a lot of these credits. which of these are affected by the
this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you....
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Nov 28, 2012
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he ran a romney is a bad person campaign not look at how wonderful i have gotten the american economy. >> if it is on c-span -- >> you say here's what we want to do. we just elected a house which ran on the ryan plan. >> you are saying these are the reforms that we want. >> the president sits there and says what, because he hasn't put anything on the table that passes the lap test, hasn't put spending restraint. crazy democratic leadership, which for two years kept all the democratic senators from voting on anything. i want them to vote on something between now and 2014 because then they aren't coming back. >> if you are john boehner, speaker boehner, your proposal is -- your bright line is what? >> first of all, you want to have this conversation in public and whatever happens, you want it online. that gives you the moral high ground and allows the american people to focus on this. >> wait, what you are saying right there is a path to a deal, you're not saying they should go over a political cliff. you're saying they should fight for the best deal they can get, but you're not advocat
he ran a romney is a bad person campaign not look at how wonderful i have gotten the american economy. >> if it is on c-span -- >> you say here's what we want to do. we just elected a house which ran on the ryan plan. >> you are saying these are the reforms that we want. >> the president sits there and says what, because he hasn't put anything on the table that passes the lap test, hasn't put spending restraint. crazy democratic leadership, which for two years kept all...
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Nov 28, 2012
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as romney proved during the campaign, you can't do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind of turn off the campaign and get into a cooperative mode here to reach a conclusi
as romney proved during the campaign, you can't do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would...
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Dec 5, 2012
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that came up with mitt romney. his effective tax rate was so low. he was payingthe capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. asset, you payn capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the rate is 25% when yo
that came up with mitt romney. his effective tax rate was so low. he was payingthe capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. asset, you payn capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations...
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Nov 29, 2012
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speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of fiscal restraint and global warming, it's high time that we start this conversation in earnest. how big do you want your fema to be? how generous your disaster relief payments and how much do you want to pay for it? in today's "new york times" op-ed section, there's an article that points out potential liability for flood insurance alone is $1.25 trillion. second only to the liability for social security. right now we have arguably the worst of both worlds. the federal government responds to disaster usually paying too much for the wrong people to do the wrong things. we provide federal money to put people back in harm's way and sometimes provide infrastructure to make future risky development worse. we often take remedial action, like for theifying beaches, a temporary solution, that can actually accelerate erosion elsewhere, shift storm damage down the coast t
speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of fiscal restraint and global warming, it's high time that we start this conversation in earnest. how big do you want your fema to be? how generous your disaster relief payments and how much do you want to pay for it? in today's "new york times" op-ed section,...
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Dec 4, 2012
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mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these deductions? guest: they can be important. the goal is to not get rid of the budget deficit. lots of people do not want to get rid of the budget deficit. they want to get it down to a manageable level. opinions differ. you can make a big dent through closing or reducing the loopholes. host: do you expect them to play a role? could they end up on the chopping block? guest: republicans have put them on the table. i think you probably will see some of both. this is a process that will go on for the better part of the next year. during that process, you will s
mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these...
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Dec 4, 2012
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the plan that the republicans offered, this is just the romney-ryan plan that the american voters said no to. other than destroying our earned benefit, i do not call them entitlements because we worked hard and we earned them. there are no specifics. what loopholes will they close? of course, they are going to punish the poor and middle- class. their plan still gives another huge tax cut to the 1%. people need to look at what happened to this country between fdr and nixon. look at what happened with the conservative takeover from nixon until now. host: we are going to have congressman tom cole from oklahoma who last week said in a closed-door meeting that they should agree with president obama and extend the tax cuts for middle-class americans and then fight later on for that tax cut for the wealthy. we will ask him about this latest proposal, the counterproposal from the house republicans. j.d. on twitter says -- on our republican , richard from colorado springs, colorado. caller: c-span could put on actual science. i think there is a lot of magical thinking on the part of democrats h
the plan that the republicans offered, this is just the romney-ryan plan that the american voters said no to. other than destroying our earned benefit, i do not call them entitlements because we worked hard and we earned them. there are no specifics. what loopholes will they close? of course, they are going to punish the poor and middle- class. their plan still gives another huge tax cut to the 1%. people need to look at what happened to this country between fdr and nixon. look at what happened...
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Nov 28, 2012
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if the best example was mitt romney who had an effective rate of 14% last year, when he made millions of dollars in investment income, and there are proposals, as warren buffett has, where people who make $1 million should pay 30%. host: the average tax percentage is about 10%. if you look it this chart here -- host: eric, rome, georgia. caller: i have an article here that says why congress will not tax the 1%. it tells you about the congressman. 261 are millionaires or billionaires'. the top republican, darrell issa, is worth $441 million. dick armey handed bush a budget for 10 years, and it squandered the surplus. what the article states is they will not raise taxes on the 1%. it is because they are the 1%. host: use of the number in that article is -- you said the number in that article is 261. caller: are millionaires or billionaires'. guest: the caller makes a good point, that the wealth of people in congress has diverged from the average wealth of americans, and a colleague of mine wrote an article looking at this trend, as over the last three years the average net worth of memb
if the best example was mitt romney who had an effective rate of 14% last year, when he made millions of dollars in investment income, and there are proposals, as warren buffett has, where people who make $1 million should pay 30%. host: the average tax percentage is about 10%. if you look it this chart here -- host: eric, rome, georgia. caller: i have an article here that says why congress will not tax the 1%. it tells you about the congressman. 261 are millionaires or billionaires'. the top...
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Dec 6, 2012
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that came up with mitt romney. his effective tax rate was so low. he was paying the capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the ra
that came up with mitt romney. his effective tax rate was so low. he was paying the capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james....
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Nov 30, 2012
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under the romney plan, because they're paying providers more, your co-pay part of that provider fee is more, so your co-pay and the deductible will be more. those are for people over 55. people under medicare would pay more under the alternative than they are paying today. if you're under 55, you got your $500 a month every month trying to make your health care. because the thing is, if medicare is saving money and the health care costs do not go down, then somebody's got to pay the difference. adding insult to injury to that you have corporate profits, dividends and commissions and everything else being stipended off. so you not only have to pay the health care costs. you have to pay enough to cover the corporate profits. and so that's where senior citizens would be paying $500, $600 a year more. ms. moore: mr. scott, let me see if i got this straight. under the affordable care act, we're asking that instead of having seniors pay more, you know, find themselves in the doughnut hole, that we ask pharmaceutical companies to ask to negotiate drug prices, you know, over 10 years, that may
under the romney plan, because they're paying providers more, your co-pay part of that provider fee is more, so your co-pay and the deductible will be more. those are for people over 55. people under medicare would pay more under the alternative than they are paying today. if you're under 55, you got your $500 a month every month trying to make your health care. because the thing is, if medicare is saving money and the health care costs do not go down, then somebody's got to pay the difference....
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Nov 29, 2012
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in mitt romney's campaign, the central actor was not the romney campaign but the super pac's. in our campaign it was the obama campaign. we may be the last presidential campaign to be able to say that. >> request and from a student? >> given how unpopular the super pac's are, is there any possibility they might be able to produce some kind of way of stopping money in the future sunday? >> given how unpopular the super pac's are -- i am not sure about that promise, you can talk about that, is there any way to stop them? >> i think we had a 30-year campaign finance regime in the country that has tried to characterize political money into categories. some of the political money is good money, some of the political money is that money, regulations -- that affected all the campaign finance laws. the citizens united decision was totally predictable as a response to mccain-fine gold. despite my working for john mccain, who had a campaign finance reform position i always thought was blazingly unconstitutional -- we have weakened the political parties and weaken the candidate committee
in mitt romney's campaign, the central actor was not the romney campaign but the super pac's. in our campaign it was the obama campaign. we may be the last presidential campaign to be able to say that. >> request and from a student? >> given how unpopular the super pac's are, is there any possibility they might be able to produce some kind of way of stopping money in the future sunday? >> given how unpopular the super pac's are -- i am not sure about that promise, you can talk...
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Nov 28, 2012
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mitt romney is not a real genuine chinese basher but we are. no one is talking but china now but it was a real red meat issue during the debate. does everyone remember talking about china? it's disappeared. as you raised it and i want to come back to something that michel's initiative and to think about the harvard business school, was it hard talk about china? we're talking 1 billion people coming online. we were at a dinner the other night with the bono which was the opening performer for us the night before, the ceo of the bankamerica and we got a discussion about china. and bono said, if we're not careful china will annex the continent of africa. that there's so much deep investment, they have so much concern, so much strategic interests across the way, and america is largely absent. which brings back these questions, we get this stuff right, is this directed just at making us feel good, or do you gain ground in a competitive environment against china? >> we absolutely gain ground. i want to see, we have real strengths in america. with stre
mitt romney is not a real genuine chinese basher but we are. no one is talking but china now but it was a real red meat issue during the debate. does everyone remember talking about china? it's disappeared. as you raised it and i want to come back to something that michel's initiative and to think about the harvard business school, was it hard talk about china? we're talking 1 billion people coming online. we were at a dinner the other night with the bono which was the opening performer for us...
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Dec 4, 2012
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mitt romney was a classic example gave away millions and millions of dollars. >> host: what are the objections that benefit the upper income like special low rates for capital gains, dividends, other things that particularly benefit wealthier income? >> guest: the capital gains and dividends break is a classic greek that benefits the very wealthy. if they receive more than 90% of the benefit, certainly people in the middle-class get a little benefit from that break, but overwhelmingly the majority of that goes to the wealthy. >> host: political has history with this tax loopholes alone can't solve the fiscal cliff, even if you dump in the vaguest tax loopholes, they don't come close to closing the deficit. at best the top 10: $834 million a year. john mckinnon, how significant are deductions when we look at their role in the big picture of solving the so-called fiscal cliff? >> guest: they can be really important. the goal is not to get rid of the budget deficit. i don't think anyone who's involved in this process has a realistic hope of getting rid of the budget deficit. that they would love
mitt romney was a classic example gave away millions and millions of dollars. >> host: what are the objections that benefit the upper income like special low rates for capital gains, dividends, other things that particularly benefit wealthier income? >> guest: the capital gains and dividends break is a classic greek that benefits the very wealthy. if they receive more than 90% of the benefit, certainly people in the middle-class get a little benefit from that break, but...
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Nov 28, 2012
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it's about conflict both governor romney and president obama agreed on more than they disagreed on the education reform area. -- the work of arne duncan. it's hard to take -- when he picks the local superintendent and brings him back to washington are in. there wont point of contention in the presidential race and but the exception of kind of a throw away question that jim gave the candidates at the end of the debate which i would note half of the answer on both sides ended up being about johnson and the solyndra loan. there was virtually -- there was very little mention in the presidential race i really think that's unfortunate for the country. we want to come back to how we change the dynamic a little bit. however, there was a lot happening in state and local races and i think that does give us a snapshot of where voters stand on many of the issues on being discussed at the conference fop me, there are a few take aways that education reformers should consider as we try to move forward on the agenda that governor laid out this morning. let's start with substance. we have to remember t
it's about conflict both governor romney and president obama agreed on more than they disagreed on the education reform area. -- the work of arne duncan. it's hard to take -- when he picks the local superintendent and brings him back to washington are in. there wont point of contention in the presidential race and but the exception of kind of a throw away question that jim gave the candidates at the end of the debate which i would note half of the answer on both sides ended up being about...
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Nov 28, 2012
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has been interesting to me that in the last presidential campaign one of the issues asked of governor romney as well as president obama is, are you for the dream act? i guess that says a lot about this legislation and the idea of the principle behind it. when i introduced the dream act 11 years ago it was because i met a young woman from chicago, teresa li who was korean, came to this country as a child, was raised in the united states but her parents never filed the documentation. so teresa li was graduating from high school. an accomplished pianist, had been accepted by the juilliard school of music but she was undocumented. she wasn't a citizen. she wasn't here legally. so she came to our office and asked what she could do and we had to advise her mom, under the law, teresa, having lived in this country for more than 16 years, had to leave and go back to brazil where her family had been before they had immigrated to the united states. what a waste of talent. so i introduced the dream act to give her and many like her a chance, to become part of america. over the years we have had many vot
has been interesting to me that in the last presidential campaign one of the issues asked of governor romney as well as president obama is, are you for the dream act? i guess that says a lot about this legislation and the idea of the principle behind it. when i introduced the dream act 11 years ago it was because i met a young woman from chicago, teresa li who was korean, came to this country as a child, was raised in the united states but her parents never filed the documentation. so teresa li...
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Dec 6, 2012
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that the republicans so loved during the bush years and what they wanted to create again with governor romney. so, mr. president, i'd be happy to take a look at the proposal that the president -- that my friend, the republican leader, has shown us. if we can come up with something like we did when they created this other furor by refusing to increase the debt where we had an ability to come here and have a couple of votes to determine if we were going to increase it, if that's what they want to do again, i'd be happy to seriously take a look at that and report to the white house and my caucus. but until then, i object. mr. mcconnell: mr. president? the presiding officer: objection having been heard. mr. mcconnell: mr. president? the presiding officer: the minority leader. mr. mcconnell: my friend the majority leader indicates there is some confusion about who is the quarterback on the republican side. that is of course quite common when you don't have the white house. but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the presid
that the republicans so loved during the bush years and what they wanted to create again with governor romney. so, mr. president, i'd be happy to take a look at the proposal that the president -- that my friend, the republican leader, has shown us. if we can come up with something like we did when they created this other furor by refusing to increase the debt where we had an ability to come here and have a couple of votes to determine if we were going to increase it, if that's what they want to...
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Nov 30, 2012
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and as for mitt romney, he got a meal. the president treated mr. romney to a lunch of
and as for mitt romney, he got a meal. the president treated mr. romney to a lunch of
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Nov 30, 2012
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i don't know the answer to that question. >> is the president offering governor romney a job? >> i just don't have a read on that. >> jennifer: i do. believe me. before we tell you if mitt romney walked a we with a car or a job or some other lovely parting gift let's take a trip down memory lane. after the 1996 election, president clinton invited republican bob dole to the white house, and dole left with the
i don't know the answer to that question. >> is the president offering governor romney a job? >> i just don't have a read on that. >> jennifer: i do. believe me. before we tell you if mitt romney walked a we with a car or a job or some other lovely parting gift let's take a trip down memory lane. after the 1996 election, president clinton invited republican bob dole to the white house, and dole left with the
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Nov 30, 2012
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romney was ahead by one point or two points. it was in the bag for romney. the media bought into it hook line, and sinker. suckers and there was this whole thing. then of course what happened on election night? surprise surprise. # 1, president obama wins. # 1. no. 2, he wins, not only the electoral votesnumber 1, president obama wins. number 1. no. 2, he wins, not only the electoral votes overwhelmingly and when you add florida it was 332 to 206. that ain't close, folks. not only that. he won the popular vote. helex night. no doubt about who won. he won 8 out of 9 of the battle ground states. that was sweet enough. okay? but here is the deal: a lot of people very long lost sight of. the president's margin keeps growing and growing and growing every day it gets bigger and bigger. because there are so many votes that weren't counted on november 6th and as of this morning, there is still like a million and a half uncounted votes out there, which is a amazing. think about it. the election right in the almost a month old. >> yeah. >> still a million and a half v
romney was ahead by one point or two points. it was in the bag for romney. the media bought into it hook line, and sinker. suckers and there was this whole thing. then of course what happened on election night? surprise surprise. # 1, president obama wins. # 1. no. 2, he wins, not only the electoral votesnumber 1, president obama wins. number 1. no. 2, he wins, not only the electoral votes overwhelmingly and when you add florida it was 332 to 206. that ain't close, folks. not only that. he won...
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Nov 29, 2012
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president obama first invited romney on election night when romney called to concede and the romney adviser said it is very gracious and the right thing to do. no aides will be present at today's meeting. the two will speak one on one. even though the two parties are saying they are willing to reach across the aisle during fiscal cliff negotiations, we're not seeing much in terms of a deal. the latest roadblock is the cost of federal retirement programs. republicans are staying is up to the president to cut back on medicare medicaid and social security but democrats want entitlement programs completely off the table. today, the white house is sending treasury secretary timothy geithner and congressional negotiator rob neighbor to capitol hill where they will lay out their proposal with speaker boehner. more bill press is coming up after the break. as always, we're live in our chat room and would love to see you there. current.com/billpress. we're right back. you're about to watch a viewer created ad message for little caesars who proudly salutes unites states veterans everywhere. >> hi, i'm
president obama first invited romney on election night when romney called to concede and the romney adviser said it is very gracious and the right thing to do. no aides will be present at today's meeting. the two will speak one on one. even though the two parties are saying they are willing to reach across the aisle during fiscal cliff negotiations, we're not seeing much in terms of a deal. the latest roadblock is the cost of federal retirement programs. republicans are staying is up to the...
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Nov 28, 2012
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number one biggest supporter for romney. they can get a lot of influence. this isn't new. this has been going on for 100 years. sidney weinberg was going back and forth between fdr's cabinet and goldman sachs for years. >> eliot: compared to what these companies are worth and their revenue, the amounts of money they put into politics to get this way is diminimus. it is tiny. >> more than everybody else. >> eliot: one other thing in washington people still confuse success in business with intellect. a mistake people should not make. senior editor, lynn paramour, bill cohan, thank you for your time tonight. the future of the defense of marriage act probably rests with the justices of the supreme court. richard socarides joins me coming up ahead. >> eliot: climate change immigration, gun control, just three of the issues a president can confront on his own during his second term. that's ahead in my view. be sure to join jennifer granholm "the war room" where she'll be dive nothing the future of electric vehicles and the political forces limiting their growth. that's at 10:00
number one biggest supporter for romney. they can get a lot of influence. this isn't new. this has been going on for 100 years. sidney weinberg was going back and forth between fdr's cabinet and goldman sachs for years. >> eliot: compared to what these companies are worth and their revenue, the amounts of money they put into politics to get this way is diminimus. it is tiny. >> more than everybody else. >> eliot: one other thing in washington people still confuse success in...